How to transfer money to someone else’s bank account
Want to transfer money online from your bank account to another? Whether you’re sending money as a gift, transferring cash to a dependent or relatives overseas, or simply sharing utility bills with your roommates, these days, the options for sending money are endless.
Transferring money directly to a bank account has many advantages over traditional ways to pay someone, such as cash or check, because these electronic transfers are fast, secure, and require less time and effort from both the sender and the recipient.
However, bank-to-bank money transfers come at varying costs and levels of simplicity. Read on for the top three methods explained so you can decide what’s right for you:
Wire transfers
If you want to stick with traditional money transfer methods, you can send money by visiting your bank, the local post office or a remittance shop like grocery stores. This is known as a wire transfer – a method that’s been around for nearly 150 years.
To send a wire transfer, you’ll need to pay the cashier at your chosen branch and give them bank details for both you and your recipient. They’ll do the rest for you, and your money will arrive within a few days. But beware, you may end up spending more than you expect on fees, as well as poor exchange rates. In fact, the average fee for sending a wire transfer internationally is $45.
E-wallet transfers
Another common method of electronically transferring money to someone else’s bank account is by using e-wallets. This involves signing up for an e-wallet service - such as PayPal - and sending money to someone else’s e-wallet within the service’s mobile app or website. Your recipient can then withdraw that money to their bank account.
One of the issues with this method is that it adds a few extra steps into the process – both sender and recipient signing up for an e-wallet, having to deposit funds into your account and then your recipient taking the money out of theirs. This can make money transfers using e-wallets longer and more complex.
Sending money overseas may be expensive with e-wallets, as well, so make sure you check the fees beforehand, or you may end up spending more than you intended.
Peer-to-peer transfers
You can send money from your bank account directly to another by using online platforms accessible through mobile apps or your web browser. These transfers are usually cheap to make, and all you’ll need is some basic account information from your recipient.
The major advantage of this type of transfer is that you can do it from home, so you don’t need to go to a bank or post office to send your money.
How to send money to someone else’s bank account with Paysend
Paysend is a convenient international peer-to-peer money transfer service that lets you send money from the U.S. directly to a bank account in 70 countries worldwide. The clear and simple Paysend Global Transfers app makes it easy to send money to your friends and family’s bank account quickly and with minimal fuss.
It’s free to sign up, and there is a low fee of $2 to send money. Money sent with Paysend normally arrives after just a few minutes.
To get started, head to the App Store or Google Play and download the Paysend app!
Latest Posts
Bank wire transfers via SWIFT, SEPA, and ACH power most institutional cross-border payments through established bank networks, while digital services like Paysend streamline personal remittances with direct-to-card transfers* and upfront pricing. This article explains how each system works, its structural trade-offs for everyday international senders, and why Paysend may be more practical for expats, migrant workers, and freelancers, though bank wires remain essential for corporate needs.
This comparison matters most for individuals sending money internationally for personal or family reasons – such as expats supporting relatives, migrant workers paying rent, international students covering tuition, or freelancers handling recurring transfers – rather than corporate treasury operations or large institutional settlements.
Comparisons reflect general industry characteristics and may not apply to all transactions or providers.
Paysend makes it easy to send money to Moldova. Transfers can go straight to eligible Visa Debit cards or bank accounts – often within minutes depending on the recipient’s card issuer, payment method, and required checks With a simple fixed-fee model, you always know what you’ll pay. It’s a straightforward way to send money to Moldova online using card-to-card transfers.
Paysend operates as part of a global payments infrastructure designed to support continuous, reliable money movement across borders. Our international money transfer service allows users to send money to more than 100+ countries, including Moldova, using card networks such as Visa.
